Healthcare Services Group Second Quarter 2024 Earnings: EPS Misses Expectations

Healthcare Services Group (NASDAQ:HCSG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$426.3m (up 1.8% from 2Q 2023).
• Net loss: US$1.79m (down by 121% from US$8.60m profit in 2Q 2023).
• US$0.024 loss per share (down from US$0.12 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Healthcare Services Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are down 7.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Healthcare Services Group's balance sheet.

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